Time Magazine unveiled its 2017 Person of the Year on Wednesday. This is the year of "The Silence Breakers," which are the voices that launched a moment. Time Assistant Managing Editor Claire Howorth explains what went into making this issue.
When looking at impact and influence this year, Howorth explains, people are thinking about current conversation around women and men, and the legislative changes in the pipeline. "I think we are very at the tip of the iceberg," she says. "This is just the beginning."
In November, President Trump tweeted that Time Magazine got in touch with him, saying he'd probably be named Person of the Year. He famously tweeted, "I would have to agree to an interview and a major photo shoot. I said probably is no good and took a pass." Howorth says the tweet was incorrect. But Time Magazine does say Trump was on the short list for the cover.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
